BANGKOK, June 22 (Reuters) - Most Southeast Asian stock
markets rose on Monday amid hopes about Greek debt deal, with
Thai benchmark recovering from a more than two-week closing low
hit on Friday amid short covering in tourism related stocks.
Thai SET index was up 0.6 percent at 1,500.45,
bouncing off Friday's close of 1,491.46.
The country's first case of Middle East Respiratory Syndrome
(MERS) report and international aviation agency's safety rating
downgrade prompted selloff in aviation and hotel shares late
last week.
"We believe prices already reflect risks, and we see a
potential rebound in the short term," strategists at broker
Krungsri Securities wrote in a report.
Shares of airport operator Airports of Thailand,
the most actively traded on the index, jumped 2.1 percent after
a drop to a one-month low on Friday.
Asian shares got the week off to a strong start and U.S.
stock futures and the euro firmed on Monday, after Greece
scrambled to avert defaulting on its debt with last-minute
proposals aimed at appeasing its creditors.
Indexes in Singapore and Malaysia both rose
about 0.6 percent, while Vietnam's benchmark VN Index
climbed 1.02 percent, led by dairy product maker Vinamilk
after it announced a dividend plan.
The Philippines was nearly flat. Indonesia
bucked the trend, edging down 0.4 percent after a near two-week
closing high on Friday, with selling hit recent gainers such as
Telkom Indonesia and Bank Mandiri.
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SOUTHEAST ASIAN STOCK MARKETS
Change at 0610 GMT
Market Current Prev Close Pct Move
Singapore 3321.69 3300.96 +0.63
Kuala Lumpur 1732.88 1721.77 +0.65
Bangkok 1500.45 1491.46 +0.60
Jakarta 4964.82 4985.00 -0.40
Manila 7601.43 7601.17 +0.00
Ho Chi Minh 590.68 584.70 +1.02
(Reporting by Viparat Jantraprap; Editing by Anand Basu)